What happens if Cathay Pacific cancels its account without video authentication?

According to relevant regulations, Cathay Pacific's account cancellation requires video authentication. This is a measure taken by our bank to ensure the safety of customers' funds and abide by anti-money laundering laws and regulations. If you don't log off video verification, you may face the following risks:

1. Funds in the account cannot be withdrawn: funds in the account cannot be withdrawn before the bank confirms the identity of the customer and completes the account cancellation procedures, which may lead to abnormal use or detention of funds.

2. Unnecessary procedures and fees involved: If the video authentication is not cancelled, the customer needs to go through the formalities of account cancellation according to the regulations of the bank, which may involve relevant documents and procedures, and additional formalities and fees need to be paid.

3. Identity is fraudulently used: the account has not been cancelled, and personal information may be exposed. If the identity is fraudulently used, it may bring economic losses and credit risks to customers.

Therefore, it is suggested that customers cancel the video authentication in time when they decide to cancel their accounts, so as to ensure the safety of funds and personal rights.